Swatch Group Executive Management Board

Swatch Group

Change in Executive Management Board

Biel / Bienne (Switzerland), February 10th 2012 – At its last meeting, the Board of Directors of The Swatch Group Ltd appointed Mr Thierry Kenel member of the Swatch Group Executive Management Board. Mr Kenel was previously member of the Extended Management Board. He took over as Chief Financial Officer when Mr Edgar Geiser retired in 2009.

 

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Annual Report and Sustainability Report
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Net sales of CHF 6 735 million, -12.2% against the previous year at constant exchange rates(-14.6% at current rates). Negative currency impact of CHF 192 million. Operating margin of 10.6% in the Watches & Jewelry segment (without Production). Improvement to 12.2% for the fourth quarter, or 14.1% for the month of December. …